Fed Policies Since the 1980s Have Attempted to

question 21

Multiple Choice

Fed policies since the 1980s have attempted to

• A)overshoot natural real GDP.
• B)undershoot natural real GDP.
• C)"stall" the economy whenever natural real GDP is growing too fast.
• D)A and B.
• E)none of the above.

---

Definitions:

Triarchic Intelligence

A theory by Robert Sternberg that intelligence comprises analytical, creative, and practical abilities.

Savant Syndrome

A condition in which a person otherwise limited in mental ability has an exceptional specific skill, such as in computation or drawing.

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of potentially lower number of unobserved variables, called factors.

Logical-mathematical

Relating to logical thinking and an understanding of mathematical concepts and relationships.